Sunshine Homes Development JSC (HSTC:SSH) ROIC %: 13.50% (As of Mar. 2026)


HSTC:SSH Sunshine Homes Development JSC HSTC:SSH
51 GF Score
Price ₫61,700.00
GF Value ₫28,785.53
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sunshine Homes Development JSC ROIC %?

Sunshine Homes Development JSC HSTC:SSH 51 ROIC % is 13.50% as of Mar. 2026. GuruFocus rates HSTC:SSH with a GF Score™ of 51/100 and a GF Value™ of ₫28,785.53 (Significantly Overvalued). The stock has 3 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Sunshine Homes Development JSC's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 13.50%.

As of today (2026-06-30), Sunshine Homes Development JSC's WACC % is 10.42%. Sunshine Homes Development JSC's ROIC % is 3.56% (calculated using TTM income statement data). Sunshine Homes Development JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Sunshine Homes Development JSC  (HSTC:SSH) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sunshine Homes Development JSC's WACC % is 10.42%. Sunshine Homes Development JSC's ROIC % is 3.56% (calculated using TTM income statement data). Sunshine Homes Development JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Sunshine Homes Development JSC ROIC % Related Terms


Sunshine Homes Development JSC ROIC % Historical Data

* Premium members only.

The historical data trend for Sunshine Homes Development JSC's ROIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sunshine Homes Development JSC ROIC % Chart

Sunshine Homes Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
2.90 -0.12 8.17 7.05 0.71

Sunshine Homes Development JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 -1.33 3.77 -1.68 13.50

Sunshine Homes Development JSC ROIC % Competitor Comparison

For the Real Estate - Development subindustry, Sunshine Homes Development JSC's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunshine Homes Development JSC ROIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Homes Development JSC's ROIC % distribution charts can be found below:

* The bar in red indicates where Sunshine Homes Development JSC's ROIC % falls into.


HSTC:SSH
51GF Score
Sunshine Homes Development JSC HSTC:SSH
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunshine Homes Development JSC ROIC % Calculation

Sunshine Homes Development JSC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=77333.361 * ( 1 - 0% )/( (11607291.269 + 10057144.977)/ 2 )
=77333.361/10832218.123
=0.71 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14394873.022 - 2292208.605 - ( 495373.148 - max(0, 4533098.893 - 8633533.226+495373.148))
=11607291.269

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12139247.382 - 1381758.016 - ( 700344.389 - max(0, 3719946.257 - 7938091.224+700344.389))
=10057144.977

Sunshine Homes Development JSC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1344679.836 * ( 1 - 21.38% )/( (10057144.977 + 5605674.769)/ 2 )
=1057187.2870632/7831409.873
=13.50 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12139247.382 - 1381758.016 - ( 700344.389 - max(0, 3719946.257 - 7938091.224+700344.389))
=10057144.977

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11517519.885 - 1413451.27 - ( 4951816.989 - max(0, 2816211.986 - 7314605.832+4951816.989))
=5605674.769

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 13.50% mean?
Sunshine Homes Development JSC (HSTC:SSH) has a ROIC % of 13.50% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sunshine Homes Development JSC and its competitors.
Is Sunshine Homes Development JSC's ROIC % too high?
Sunshine Homes Development JSC's current ROIC % is 13.50%. The Real Estate industry median ROIC % is 2.19. Sunshine Homes Development JSC's value of 13.50% is 516.4% above this industry median. Overall, Sunshine Homes Development JSC has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunshine Homes Development JSC's ROIC % compare to competitors?
Sunshine Homes Development JSC's ROIC % of 13.50% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.19. Sunshine Homes Development JSC's value of 13.50% is 516.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Real Estate company?
The median ROIC % among Real Estate companies is 2.19, based on 1,760 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunshine Homes Development JSC's current ROIC % of 13.50% is 516.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sunshine Homes Development JSC and its competitors. For the Real Estate industry, the median ROIC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Homes Development JSC's current ROIC % is 13.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Homes Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Homes Development JSC (HSTC:SSH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫28,785.53, compared to a current price of ₫61,700.00 — trading 114.3% above its estimated fair value. The current ROIC % is 13.50% and 516.4% above the Real Estate industry median of 2.19. Sunshine Homes Development JSC's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Sunshine Homes Development JSC (HSTC:SSH), the current ROIC % is 13.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sunshine Homes Development JSC (HSTC:SSH) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Homes Development JSC stock appears to be overvalued. The current stock price of ₫61,700.00 is trading 114.3% above its estimated GF Value™ of ₫28,785.53. GuruFocus considers Sunshine Homes Development JSC to be Significantly Overvalued.

Key valuation signals for HSTC:SSH:

  • ROIC %: 13.50%
  • GF Value™: ₫28,785.53 vs. price of ₫61,700.00 (114.3% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 516.4% above the Real Estate median

No single metric tells the full story. See the HSTC:SSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunshine Homes Development JSC Business Description

Address 9th Floor, Sunshine Center building, 16 Pham Hung Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi City, VNM
Sunshine Homes Development JSC is engaged in the development and trading of real estate projects, motor vehicle rental, and management consultancy activities. The Company also conducts real estate business, including land use rights owned, used or leased, finishing of construction works, construction of residential and non-residential buildings, and real estate consultancy, brokerage, and management services. Its projects include Sunshine Marina Mui Ne - Hilltop Hotels & Resorts in Mui Ne Ward, Lam Dong Province; Sunshine Golf & Resort Lang Co in Lang Co, Hue; Noble Palace Tay Thang Long in O Dien, Hanoi City; Noble Palace Garden in Dan Phuong, Hanoi City; Noble Crystal Tay Ho WorldHotels Residence in Phu Thuong Ward, Hanoi City; and Noble Palace Tay Ho in Phu Thuong Ward, Hanoi City.
51GF Score

Get the complete analysis for HSTC:SSH

ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫61,700.00
Price
₫28,785.53
GF Value